Royal Monetary Authority
Banking · Bhutan · 51-200 Employees
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Overview
Headquarters
Chhophel Lam, Thimphu, BhutanPhone Number
+975 2323111Website
www.rma.org.btRevenue
$42.6 MillionIndustry
ZI Rank: 1
Signal Type
Dec
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ZI Rank
2
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About Royal Monetary Authority
Royal Monetary Authority was established in 1982 with the enactment of the RMA Act 1982 on 4th August by the 56th session of the National Assembly. The RMA commenced operations from 1st April 1983 by taking over the issue of the national currency, the management of the external reserves and foreign exchange operations. In 1988, the Authority assumed the role of Government banker, holding bulk of government deposits and providing finance through ways and means advance to the Government. With the passage of the Financial Institution Act of Bhutan 1992, the RMA Act (1982) was amended to include licensure, regulation and supervision of financial institutions of Bhutan. After Bhutan made the transition to a Democratic Constitutional Monarchy in 2008, the RMA Act 2010 passed by the Parliament in June 2010 replaced the RMA Act (1982). With the enactment of the RMA Act (2010), the status of the RMA has been elevated to that of an autonomous Central Bank with greater powers in terms of its modeRead more
Royal Monetary Authority Org Chart
SC
Rma Senior Analyst ( Department of Financial ...
UD
Research Officer
SY
Research Officer
AB
Assistant Analyst
TS
Senior Analyst
NL
Assistant Analyst
DR
Analyst
TL
Corporate Governance Specialist
TG
Research Fellow
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Royal Monetary Authority is experiencing very low activity levels compared to other companies in the Finance sector.
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Royal Monetary Authority Tech Stack
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Royal Monetary Authority News & Media
Ripple to Partner With Royal Monetary Authority in Bhutan
Ripple has partnered with the central bank of Bhutan to create its a digital Ngultrum, that will explore CDBC use cases in retail, cross-border and wholesale payments, the latest step in the central bank's innovative payment initiatives.
Read more news
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Royal Monetary Authority was established in 1982 with the enactment of the RMA Act 1982 on 4th August by the 56th session of the National Assembly. The RMA commenced operations from 1st April 1983 by taking over the issue of the national currency, the management of the external reserves and foreign exchange operations. In 1988, the Authority assume... Read More
